02-17-2021, 06:52 PM
(02-17-2021, 05:49 PM)Acitta Wrote: Waterloo Region restaurant chain Abe Erb’s new boss banking on people liking a comeback story
"Then there are the dozens of suppliers and vendors left unpaid by the original Abe Erb’s bankruptcy. Thirty-nine unsecured creditors have claimed approximately $513,000 for unpaid work or services, and at least 17 of those businesses are locally owned or operated. They range from bakeries, landscapers and brewers, to tradespeople, farmers and law firms.
Prudham said he feels for those businesses, and hopes they’ll work with him again.
“These people didn’t get payment, but these are the people I’ll be leaning on to work with me again,” he said. A few have already agreed to resume business under the new management group, Prudham said."
I dunno, I don't feel real good about this...they're declaring bankruptcy, those vendors (small businesses) are going unpaid, and they hope to just start back up again in the same spaces?